Law School Corner

GIFT IFSC Signs MoU with GNLU for Skill Development

Simran Sahni
12 May 2017 2:59 PM GMT
GIFT IFSC Signs MoU with GNLU for Skill Development
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The International Financial Services Centre (IFSC) at Gujarat International Finance-Tec City (GIFT IFSC) has entered into a Memorandum of Understanding (MOU) with Gujarat National Law University (GNLU) to collaborate on efforts for Skill Development in the field of International Financial Services & Regulations on May 10, 2017.

As per the agreement, GIFT IFSC and GNLU would work jointly towards courses, training and certificate programs in the field of International Financial Services law.  This would promote the deeper acceptance of financial laws with regards to global financial markets.

Speaking about the development, Mr. Dipesh Shah, Head of IFSC & Strategy, GIFT IFSC, said, “We are delighted to enter into an MOU with GNLU as financial laws are an important aspect of global financial transactions. IFSC being new concept in India, there’s a pressing need to enhance understanding of various aspects of IFSC, one of which is financial laws. Through this MOU, we hope to help edify law professionals on IFSC rules, arbitration and regulations concerning global financial transactions. Our aim is to reach out to all relevant stakeholders in India and make them proficient in this relatively new field of financial law.”

Under the MOU, GNLU will introduce a new course on International Financial Services Centre from its June 2017 Semester. It will also organize a program for Lawyers covering IFSC, International Arbitration and related fields. GNLU will also encourage its Masters/ Degree students to undertake certification program in the field of International Law & International Financial services. The MOU will also look into developing and conducting programs in financial market along with GIFT and other institutions based out of GIFT IFSC.

Since one of the agenda of the MOU is to create more awareness about the fundamentals of an IFSC, a knowledge series will be routinely organized under the banner of GIFT IFSC & GNLU.

Mr. Bimal Patel, Director, GNLU, stated, “Our partnership with GIFT IFSC opens new doors for GNLU to gain experience on international financial laws and regulations. We would the first university in India to start a regular course on IFSC. This will also provide hands on international experience in financial law to our students and given them a competitive edge in placement. It will further help us to develop original content and research on case management services and legal framework concerning global transactions.”

To know more about Gujarat International Finance Tec-City (GIFT) a Government of Gujarat Project, click here.

For media queries please contact:

Nisarg Acharya – Senior Manager
Email: [email protected]
Mobile: 8980006441


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